A €419 million bid from a consortium led by Hutchison Port Holdings looks set to clinch the Port of Thessaloniki concession.
The Thessaloniki Port Authority's board has named the HPH-led consortium as the preferred bidder for the development of new container facilities at Greece's second largest container port.
Located in the north of Greece, the Port of Thessaloniki will benefit from the economic development of the Balkan countries and their accession to the EU, especially in terms of transit cargo.
The €419 million offer represents the present value of the guaranteed portion of the annual fees over the entire thirty-year concession period, with other charges, such as annual rental fees for the docks, in addition to that amount.
Commenting on the port authority's announcement, HPH Group managing director John Meredith: "We are pleased with the port authority's decision and support the government's long-term plan to develop a modern container-handling facility at Thessaloniki. Building on recent strong throughput growth and the rapid development of the hinterland, the port is well-positioned to be a gateway to the Balkans."
The Port currently has an area of 35 hectares, a total quay length of 595 metres and a depth alongside of 12 metres. On completion of construction, the Port will have a 71 hectare area, a continuous quay of 1,770 metres and a depth alongside of up to 15.8 metres.
The Thessaloniki Port Authority's board has named the HPH-led consortium as the preferred bidder for the development of new container facilities at Greece's second largest container port.
Located in the north of Greece, the Port of Thessaloniki will benefit from the economic development of the Balkan countries and their accession to the EU, especially in terms of transit cargo.
The €419 million offer represents the present value of the guaranteed portion of the annual fees over the entire thirty-year concession period, with other charges, such as annual rental fees for the docks, in addition to that amount.
Commenting on the port authority's announcement, HPH Group managing director John Meredith: "We are pleased with the port authority's decision and support the government's long-term plan to develop a modern container-handling facility at Thessaloniki. Building on recent strong throughput growth and the rapid development of the hinterland, the port is well-positioned to be a gateway to the Balkans."
The Port currently has an area of 35 hectares, a total quay length of 595 metres and a depth alongside of 12 metres. On completion of construction, the Port will have a 71 hectare area, a continuous quay of 1,770 metres and a depth alongside of up to 15.8 metres.